Disclosure Quantity (DQ) for Intraday Trades on Punch

Disclosure Quantity (DQ) for Intraday Trades

Overview

The Disclosure Quantity feature allows traders to partially hide their actual order quantity from the market order book. Only a specified disclosed quantity is visible at any given time, while the remaining quantity is executed silently in the background.

This helps intraday traders place large orders without impacting market price or revealing their full trading intent.

Problem Statement

Intraday traders placing large quantity orders often face:

• Price slippage due to market reaction

• Front-running by other traders

• Reduced execution efficiency

Full quantity visibility in the order book exposes trading strategy and negatively affects execution quality.

Solution

Introduce a Disclosure Quantity option while placing intraday orders.
The trader specifies:

• Total Order Quantity

• Disclosed Quantity (visible to the market)

Only the disclosed quantity appears in the order book. Once it is executed, the next portion is automatically disclosed until the full order is completed.

How It Works

1. User selects Intraday (MIS) order type

2. Enters Total Quantity

3. Enables Disclosure Quantity toggle

4. Enters Disclosed Quantity (must be less than total quantity)

5. Order executes in multiple cycles until total quantity is filled

Example

• Total Quantity: 10,000 shares

• Disclosed Quantity: 1,000 shares

Only 1,000 shares are visible at a time. After execution, the next 1,000 shares are disclosed automatically.

Key Benefits

• Reduces market impact

• Protects trading strategy

• Improves average execution price

• Ideal for high-volume intraday traders

Validation Rules

• Disclosed Quantity < Total Quantity

• Disclosed Quantity ≥ exchange minimum lot size

• Available only for supported exchanges and intraday orders

UI/UX Notes

• Simple toggle: “Enable Disclosure Quantity”

• Tooltip explaining benefits and usage

• Error prompts for invalid quantities

Target Users

• Active intraday traders

• High-volume scalpers

• Proprietary traders